Genco Shipping & Trading announced that it has entered into an agreement to acquire two 2016 South Korean built 180,000 dwt Capesize vessels for an en bloc purchase price of approximately $98 million.The agreement to purchase these two high specificati…
Genco Shipping Adds Two Capesize Vessels Read More »
A total of 40 incidents of piracy and armed robbery against ships (comprising 29 actual incidents and 11 attempted incidents) were reported in Asia during January-June 2018 compared to 47 incidents (comprising 40 actual incidents and seven attempted…
Asian Piracy Drop to 10-Year Low, Says ReCAAP Read More »
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year…
Shipping Losses Continue to Fall Read More »
Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will…
Yang Ming Marine Transport Upgrade China-Indonesia Service Read More »
The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information Exchange and Research and Development (R&D).Since the commencement of the MoU in 2015…
Singapore, Rotterdam to Strengthen Cooperation Read More »